A class action filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) alleges the company and its defendants misrepresented liquidity, used-car market conditions and the risk of a distressed capital raise. Bragar Eagel & Squire, P.C. said the case covers investors who purchased or acquired Hertz common stock from May 7 through June 23, 2026, inclusive, and that investors have until September 22, 2026, to seek appointment as lead plaintiff. The announcement follows Hertz's June 24 disclosure of a planned $300 million offering of Exchangeable Senior First-Lien Secured PIK Notes due 2030, a concurrent share-lending offering involving more than 37 million shares that would provide Hertz no proceeds, and weaker second-quarter expectations after vehicle-sale losses. Hertz shares fell $2.06, or 40.71%, to close at $3.00 that day. The allegations include claims that liquidity was deteriorating faster than represented, that used-car market weakness was recurring rather than temporary, and that Hertz was likely to pursue a dilutive financing that would harm existing shareholders.